The document provides a technical analysis and recommendation for the stock RAMCOCEM. It summarizes that: 1) The stock has been in an uptrend and reached an all-time high, showing relative strength. 2) It has recently entered an intermediate correction phase but support levels indicate the down move may be ending. 3) The stock has crossed above an intermediate downward trendline, boosting bullish sentiment. 4) Based on the analysis, the stock price could be expected to reach Rs. 560 level.

1. Buy RAMCOCEM in Cash @ 536.80 SL 520 TGT 560
29th Dec , 2016
SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website
 Stock has remained in strong uptrend and
recently it had formed all time high. It shows
stock has higher relative strength.
 After forming high stock has entered into
intermediate correction mode and it seems
that recent down move likely to terminate as
it has taken multiple support at horizontal
line.
 Stock has moved above its intermediate
downward sloping trend line which has
enhance the bullish sentiment.
 Based on aforementioned rational further
movement can be expected upto 560 level.

2. www.choicebroking.incustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
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inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume
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POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.12.29 15:27:28 +05'30'